Russia: Sibir Energy First-Half Profits Double
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Thursday, 02 October 2008 |
Sibir Energy Plc, Russian billionaire Chalva Tchigirinski's oil
company, said profit more than doubled in the first half as output and
crude prices rose to records.
Net income advanced to $233.7 million from $87.8 million, or 27.72 cents a year earlier, Sibir said today in a statement distributed by the Regulatory News Service. Sales tripled to $1.9 billion. Output increased 44 percent to 67,900 barrels a day.
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